Cubist Systematic Strategies LLC Sells 295,900 Shares of Grupo Supervielle S.A. (NYSE:SUPV)

Cubist Systematic Strategies LLC lessened its holdings in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 87.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,219 shares of the company's stock after selling 295,900 shares during the period. Cubist Systematic Strategies LLC's holdings in Grupo Supervielle were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SUPV. Brevan Howard Capital Management LP lifted its holdings in Grupo Supervielle by 585.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company's stock valued at $19,724,000 after purchasing an additional 1,106,497 shares during the last quarter. RWC Asset Management LLP acquired a new stake in Grupo Supervielle during the 4th quarter valued at $11,251,000. JPMorgan Chase & Co. increased its position in Grupo Supervielle by 129.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company's stock worth $2,663,000 after buying an additional 211,166 shares during the period. Sparta 24 Ltd. acquired a new stake in Grupo Supervielle during the fourth quarter worth about $2,192,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Grupo Supervielle by 5.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company's stock valued at $22,193,000 after purchasing an additional 75,129 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Grupo Supervielle from a "hold" rating to a "sell" rating in a report on Monday, May 12th.

Grupo Supervielle Price Performance

Grupo Supervielle stock traded up $0.12 during midday trading on Wednesday, hitting $16.50. 217,278 shares of the company's stock were exchanged, compared to its average volume of 1,164,983. The stock has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $14.18. The company has a market cap of $1.46 billion, a P/E ratio of 23.08 and a beta of 1.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. Grupo Supervielle S.A. has a 52-week low of $5.00 and a 52-week high of $19.75.

Grupo Supervielle Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.187 per share. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from Grupo Supervielle's previous annual dividend of $0.16. This represents a dividend yield of 1.18%. Grupo Supervielle's payout ratio is 23.08%.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.